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Paul E. Riffel Tampa Estate Planning Attorney

Be careful with your car

Many parents have their names on their child’s automobile. This is required if the child is under 18 because minors cannot own property. This may also be the case if the car is financed.

However, if the child 18 and there is no debt on the automobile, it is always a good idea to title the car in the child’s name alone. This is because the vehicle is considered a “dangerous instrumentality.” As such, the owner and driver are responsible for any damage that is caused by the vehicle.

By removing your name from the title, you are removing yourself from the liability. There is little reason to keep your name on an automobile driven by your child.

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